- This topic has 1 reply, 2 voices, and was last updated 1 year ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Budgets
1) Overhead budgets we make contains both production and non-production element or only production?
2) Please answer this for labor budget also that whether we do for both direct and indirect labor or for direct labor only.
Functional budgets will be prepared for production and non-production overheads separately. This is the same for labour.
The full master budgets will include all overheads, but obviously only those relating to production are relevant in budgeting the cost of sales and the valuation of inventories.